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  6. Vinci Construction Acquires HJR Asphalt

M&A Deal Summary

Vinci Construction Acquires HJR Asphalt

On January 31, 2023, Vinci Construction acquired infrastructure company HJR Asphalt from Westcap

Acquisition Highlights
  • This is Vinci Construction’s 1st transaction in the Infrastructure sector.
  • This is Vinci Construction’s 1st transaction in Canada.
  • This is Vinci Construction’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2023-01-31
Target HJR Asphalt
Sector Infrastructure
Buyer(s) Vinci Construction
Sellers(s) Westcap
Deal Type Add-on Acquisition

Target

HJR Asphalt

Saskatoon, Saskatchewan, Canada
HJR Asphalt is a highway construction and a paving company. HJR Asphalt was founded in 1988 and is based in Saskatoon, Saskatchewan.

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Buyer(S) 1

Buyer

Vinci Construction

Rueil-Malmaison, France
Category Company
Sector Construction
DESCRIPTION

VINCI Construction engages in the construction business in France and internationally.

DEAL STATS #
Overall 1 of 2
Sector: Infrastructure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Saskatchewan M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 FM Conway

Sevenoaks, United Kingdom

FM Conway is a civil engineering contractor specializing in highways and other infrastructure work. FM Conway was founded in 1961 and is based in Sevenoaks, United Kingdom.

Buy -

Seller(S) 1

SELLER

Westcap

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.

DEAL STATS #
Overall 1 of 1
Sector: Infrastructure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Saskatchewan M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Mega Group

Saskatoon, Saskatchewan, Canada

Mega Group provides retail buying group providing Canadian retailers with business expertise and scaling opportunities. Mega Group was founded in 1965 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 18 Wheels

Burnaby, British Columbia, Canada

18 Wheels is a third-party logistics (3PL) provider of warehousing and logistics solutions with operations in Vancouver, Toronto, Alberta, Toronto, and Washington State. The company provides a single-source solution for distribution, warehousing, transportation, and co-packing services. 18 Wheels was founded in 1979 and is based in Burnaby, British Columbia.

Buy -
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